Germany’s Linde to invest €40m in Vietnam air separation unit

29 August 2012 08:34  [Source: ICIS news]

SINGAPORE (ICIS)--Germany’s Linde Group said on Wednesday it will invest 40m ($50m) to build an air separation unit (ASU) in Vietnam that will partly supply industrial gases to steel firm POSCO SS-Vina under a long-term contract.

The new ASU to be built at the Phu My industrial park in Ba Ria will be the largest in Vietnam, the company said in a statement, adding that this is Linde’s largest investment in the country to date.

The unit will be able to produce 35,000 normal cubic metres of air gases per hour and is scheduled to go on stream in 2014, Linde said.

“It will supply the new steelworks that PSSV is currently building in Phu My with gaseous oxygen, nitrogen and argon, and also manufacture products for the regional market in southern Vietnam,” the company said.

($1 = €0.80)

By: Pearl Bantillo
+65 6780 4359

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